January Makamba, Minister of Energy in Tanzania, and Mohamed Abu El Wafaa, the Ambassador of Egypt to Tanzania, have inaugurated phase two of Elsewedy Electric Industrial Complex, in Tanzania. The inauguration ceremony was also attended by Ibrahim Qamar, Managing Director, Elsewedy Electric East Africa, amongst other senior management and regional stakeholders of Elsewedy Electric, the leading integrated infrastructure solutions provider in the Middle East and Africa. During the ceremony, the transformers factory was launched, ushering the beginning of the second phase of Elsewedy Electric Industrial Complex in the East African country, and marking the latest step in establishing the complex as a regional manufacturing and exporting hub for wires & cables, transformers, meters, and insulators. Tanzanian Minister of Energy January Makamba said: "Having the second phase of this huge industrial complex inaugurated within nine months of inaugurating the first phase proves that Elsewedy Electric is a real partner willing to exploit the favourable business climate in Tanzania and supporting the inter-African collaboration." Ambassador Abu El Wafaa expressed his pleasure at participating in the opening of the second phase of the Elsewedy Electric Industrial Complex in Tanzania and praised Elsewedy Electric's efforts to boost its investment in the highest priority economic sectors of the Tanzanian Government, In this regard, he explained the company's participation in the Egyptian alliance implementing the Julius Nyerere hydropower dam project, This is consistent with the Egyptian Government's interest in encouraging Egyptian companies to invest in various fields in Tanzania. The Transformers factory covers an area of 5,000 square metres and has a production capacity of up to 2,500 Oil Immersed Distribution Transformers per year. President of Tanzania Samia Suluhu Hassan inaugurated the first phase of Elsewedy Industrial Complex last December, the wires and cables factory. The cables factory is built on 35,000m2, with a capacity of up to 1,200 tonnes per month, catering equally to the local market and exporting to the region. In his speech via video, Ahmed El Sewedy, President and CEO of Elsewedy Electric, said that launching the transformers factory is a further step in line with Elsewedy Electric's strategy of sustainable investment in Tanzania and whole Africa. "We are on a mission in Tanzania to empower better lives in the local communities through our investment and expansion plans. The new factory will add more direct and indirect jobs and manufacture local resources to meet the needs of the market locally and abroad. This achievement demonstrates Elsewedy Electric's vision of taking advantage of the favourable investment climate in the United Tanzania as a strongly qualified country to become an economic hub and regional transit point, particularly in the East and South Africa region. Built on 120,100 square meters in Kigamboni, Tanzania, the complex comprises several manufacturing facilities, currently cables, wires, and transformers, to be followed by PVC, meters, and a logistics center, as well as an expansion of the Cables and Transformers factories to accommodate a wider portfolio. The complex will produce the solutions and equipment necessary for the industrialization strategy of Tanzania 2025, also offering a technical training academy to provide innovative technical education and vocational training programs with international standards to skill and train aspiring employees and feed the growing labour market in the developing nation. Investment will reach more than $50m upon completion, with a plan to create 1,500 jobs for the Tanzanian people. Ibrahim Qamar, Managing Director of Elsewedy Electric East Africa, expressed the company's keenness to support the growth of industrialization of Tanzania. "Launching the transformers factory following the wires and cables opens another opportunity for Elsewedy Electric to transfer expertise and build capacities of the local talents in line with the historical friendly relations between Egypt and Tanzania. We have a strong belief in the potential of Tanzania and Africa, and we will keep exploring and developing opportunities that support the industrialization strategy of Tanzania 2025."
